Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278

Hillsborough West Village

115 Holiday Park Road, Hillsborough NC 27278
ASSET TYPEGarden Apartments
SOLDOctober 14, 2016
PRICE$ 1,600,000
PRICE PER UNIT$ 46,000
TOTAL UNITS35
YEAR BUILT1994
MARKETRaleigh-Durham

DEAL Highlights

● Seller was transitioning from Affordable Housing to Market Rate

● Property still needed completion of renovations and stabilization of occupancy, rents and operations

● We presented offering as a reposition opportunity while still in transition

● Sold 'as is' for over $46k per unit

● Closed at a sub-7% CAP Rate based on actual financials

Contact Info

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com